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Business News (AP)

  • Wholesale inventories cut 0.8 percent in December WASHINGTON (AP) -- Businesses slashed wholesale inventories sharply in December, a much weaker showing than expected and a troubling sign that companies are still too pessimistic about the economy to begin restocking shelves on a sustained basis....
  • Stocks climb on hopes for Greece debt assistance NEW YORK (AP) -- Stocks surged Tuesday on hope that the European Union will help Greece manage its growing debt burden....
  • India halts genetically modified eggplant release MUMBAI, India (AP) -- India halted the release of the world's first genetically modified eggplant Tuesday, saying further study needed to be done to guarantee consumer safety before it could be cultivated in the country....

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Local News

Obama plan would expand some small-business loans
WASHINGTON (AP) - An administration official says President Barack Obama will press Congress to temporarily expand two lending programs for the owners of small businesses.   Speaking on the condition of anonymity because the president hasn't... Full story
Michigan skies get more competitive
GRAND RAPIDS, Mich. (NEWSCHANNEL 3) - The skies over West Michigan just got more competitive.   Allegiant Air, a low-cost carrier, announced Tuesday that it's launching a non-stop service from Ford International Airport in Grand Rapids to... Full story
Sam's Club making cuts
(NEWSCHANNEL 3) - Members-only retail giant Sam's Club is taking a hit from the economy.   The company will outsource its product-sampling department to a marketing company.    Wal-Mart executives say 11,000 jobs will be cut.... Full story

Market News

  • Stocks climb on hopes for Greece debt assistance NEW YORK (AP) -- Stocks surged Tuesday on hope that the European Union will help Greece manage its growing debt burden....
  • How the major stock indexes fared on Monday The Dow Jones industrial average closed below 10,000 for the first time in three months Monday on nagging concerns about debt loads in Europe. The Dow had its 10th triple-digit move in 16 trading days. Mounting deficits in weaker European economies including Greece, Portugal and Spain have raised questions about the health of the global financial system. Shares of big banks pulled the market lower, extending a slump that has led to four straight weekly losses....
  • CVS Caremark, Motorola, Hasbro are big movers NEW YORK (AP) -- The following stocks were among those that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:...
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